Clay County Local Housing Trust Fund Inc in Spencer, Iowa (IA)
Table of contents:
| Clay County Local Housing Trust Fund Inc | |
| Employer Identification Number (EIN) | 261705907 |
| Name of Organization | Clay County Local Housing Trust Fund Inc |
| In Care of Name | Pamela R Virelli |
| Address | PO BOX 500, Spencer, IA 51301-0500 |
| Subsection | Charitable Organization |
| Ruling Date | 04/2012 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 11/2014 |
| Assets | $10,000 to $24,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $16,942 |
| Amount of Income | $34,148 |
| Form 990 Revenue Amount | $34,148 |
| National Taxonomy of Exempt Entities (NTEE) | Housing, Shelter: Housing Development, Construction, Management |
Non-representatives - add comments:
Amount of income in 2014: $34,148 (it was $53,959 in 2013)
| This organization: | $34,148 |
| Other organizations performing similar types of work: | $141,278 |
Assets in 2014: $16,942 (it was $7,948 in 2013)
| Clay County Local Housing Trust Fund Inc: | $16,942 |
| Other organizations performing similar types of work: | $740,093 |
Expenses in 2013: $65,446
| This organization: | $65,446 |
| Other organizations performing similar types of work: | $124,074 |
Income to expenses ratio in 2013: 0.5
| Clay County Local Housing Trust Fund Inc: | 0.5 |
| Other organizations performing similar types of work: | 0.7 |
Grants share in income in 2013: 100.0%
| This organization: | 100.0% |
| Other organizations performing similar types of work: | 3.7% |
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $45,625 | $4,000 | $53,959 |
| Contributions, gifts, grants, and similar amounts received | $45,211 | $4,000 | $53,959 |
| Program service revenue including government fees and contracts | $0 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $414 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $0 | $0 | $0 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $64,921 | $35,080 | $65,446 |
| Total net assets | $50,515 | $19,435 | $7,948 |
| Excess/Deficit for the year | $-19,296 | $-31,080 | $-11,487 |
| Net assets or fund balances at beginning of year | $69,811 | $50,515 | $19,435 |
| Other changes in net assets or fund balances | $0 | $0 | $0 |
| Net assets or fund balances at end of year | $19,435 | $7,948 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $50,515 | $19,435 | $7,948 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $50,515 | $19,435 | $7,948 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $248,599 |
| Subtotal Support | $248,599 |
| Gifts, grants, contributions, and membership fees received | $248,599 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $248,599 |
| Public Support | $248,599 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Vf Affordable Housing Inc | 448 Depot St Ne, Christiansbrg, VA 24073-2050 | VA | 2000-11 | $716,864 |
| 2 | Vine Street Manor Housing Corp | 2300 Flora, Kansas City, MO 64108 | MO | 2004-03 | $366,819 |
| 3 | Lighthouse Housing Foundation Inc | PO BOX 2447, Iowa City, IA 52244-2447 | IA | 2012-09 | $1,695,747 |
| 4 | Story County Community Land Trust | 130 S Sheldon Ave Ste 307, Ames, IA 50014-7383 | IA | 1999-08 | $196,126 |
| 5 | Washington Neighborhood Development Corporation | 1690 Elm St Ste 110, Dubuque, IA 52001-3677 | IA | 2011-01 | $184,802 |
| 6 | Council Bluffs Housing Trust Fund Inc | 1032 Woodbury Ave, Council Blfs, IA 51503-7915 | IA | 2011-03 | $180,717 |
| 7 | Rose Michael Gardens Nfp | 4516 Avenue L, Fort Madison, IA 52627-3205 | IA | 2011-06 | $79,764 |
| 8 | Veterans For Veterans Housing Inc | PO BOX 2279, Davenport, IA 52809-2279 | IA | 2004-06 | $77,234 |
| 9 | Richland Betterment Council, Cypress Village Apartments | PO BOX 301, Richland, IA 52585-0125 | IA | 2012-09 | $73,119 |
| 10 | Affordable Housing In The Developing World Foundation | 6601 Westown Pkwy 240, West Des Moines, IA 50266 | IA | 2014-08 | $61,609 |
| 11 | Searsboro Manor Inc | Po Box 96, North English, IA 52316 | IA | 2007-03 | $46,252 |
| 12 | Wright County Housing Inc | PO BOX 476, Algona, IA 50511-0476 | IA | 2001-11 | $38,211 |
| 13 | Clay County Local Housing Trust Fund Inc | PO BOX 500, Spencer, IA 51301-0500 | IA | 2012-04 | $34,148 |
| 14 | Parnell Development Inc | 205 E First Street Po Box 460, Mechanicsville, IA 52306 | IA | 2014-09 | $21,137 |
| 15 | Step By Step Inc | PO BOX 1177, Dubuque, IA 52004-1177 | IA | 2007-01 | $6,690 |
| 16 | Adams County Commission On Sustainability | PO BOX 123, Corning, IA 50841-0123 | IA | 2014-06 | $0 |
| 17 | Capax Infiniti Inc, Capax Infiniti Housing Inc | 6401 Douglas Ave Ste 5, Urbandale, IA 50322 | IA | 2011-08 | $0 |
| 18 | Cedar Rapids Renaissance Group | 3603 Royal Dr Sw, Cedar Rapids, IA 52404 | IA | 2010-01 | $0 |
| 19 | Cwi Housing Corporation | 1 Crossroads Pl, Missouri Vly, IA 51555-6069 | IA | 2007-09 | $0 |
| 20 | Friends For Life, Oxford House - Nebraska Street | Po Box 263, Sioux City, IA 51102 | IA | 2008-03 | $0 |
| Number of organizations performing similar types of work | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Total | 5,080 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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